Deal numbers
- Est. cap rate
- 2.9%
- Assumed rent, all units
- $3,660/mo
- Units
- 2
- Price per unit
- $375,000
- Est. annual NOI
- $21,960
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $41,724
- Operating expenses
- $20,862
- Net operating income
- $20,862
- Annual debt service
- $44,908
- Annual cash flow
- -$24,046
- Cash on cash return
- -12.8%
- Down payment
- $187,500
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Duplex
- Bedrooms
- 2
- Building size
- 2,332 sqft
- Lot size
- 5,256 sqft
- Year built
- 1912
- Stories
- 1
- Garage spaces
- 0
- Style
- Traditional
- Cooling
- None
- Pool
- None
- View
- Neighborhood
- Status
- Active
- Days on market
- 355
- MLS #
- 230947497
About this property
Approved Partition Sale. Two spacious homes on one lot! A great Investment or Live-In Opportunity! The front house features four bedrooms, two bathrooms, and a separate room with washer and dryer hook-ups. The Buyer to enjoy the features and benefits of 20 solar panels installed. The back house features three full bedrooms, two bathrooms, and seperate laundry area. The deep Lot offers a long driveway and plenty of parking space. Close to shopping and restaurants. Schedule your showing today and view the potential this property has to offer! Back house will be delivered vacant at the close of escrow.
Location
6414 S Hoover Street
Los Angeles, Los Angeles, CA, 90044